Vornado Realty Trust (NYSE:VNO) Shares Sold by Cwm LLC

Cwm LLC reduced its position in Vornado Realty Trust (NYSE:VNO) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,328 shares of the real estate investment trust’s stock after selling 1,988 shares during the quarter. Cwm LLC’s holdings in Vornado Realty Trust were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Vornado Realty Trust in the 2nd quarter worth about $48,000. Fidelis Capital Partners LLC acquired a new position in Vornado Realty Trust during the first quarter valued at approximately $55,000. EverSource Wealth Advisors LLC grew its stake in Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,018 shares during the period. GAMMA Investing LLC increased its position in shares of Vornado Realty Trust by 12.8% in the third quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 500 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Vornado Realty Trust by 98.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,972 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 2,465 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

VNO has been the subject of several analyst reports. Barclays upped their target price on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Scotiabank boosted their price objective on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 4th. Evercore ISI raised their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Finally, The Goldman Sachs Group lifted their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.43.

Vornado Realty Trust Price Performance

Shares of VNO opened at $43.38 on Monday. Vornado Realty Trust has a 12 month low of $18.36 and a 12 month high of $43.61. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The stock has a fifty day moving average price of $36.55 and a 200 day moving average price of $30.00. The company has a market cap of $8.26 billion, a P/E ratio of 482.00 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same period last year, the business earned $0.72 EPS. The firm’s revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that Vornado Realty Trust will post 2.17 earnings per share for the current year.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.